Asian Paints, SBI, Tata Motors, HUL and Maruti Suzuki are leading gainers while ONGC, Axis Bank, M&M, Bajaj Auto and Hero MotoCorp are significant losers in the Sensex.
October 05, 2016 / 15: 42 IST
Moneycontrol Bureau3: 30 pm Market closing: After a lot of battle, the market hasactually ended lower. The Sensex was down 113.57 points or 0.4 percent at 28220.98, and the Nifty slipped 25.20 points or 0.3 percent at 8743.95. About 1721 shares sophisticated, 1158 shares decreased, and 131 shares were thesame.
HUL, Tata Motors, Asian Paints, L&T and NTPC were gainers in the Sensex while ONGC, Axis Bank, Bajaj Auto, M&M and Hero MotoCorp were losers.
2: 55 pm RBI rate cut: A day after the financial policy committee (MPC) debuted with a surprise 0.25 percent cut in rates, experts today stated the Reserve Bank will continue with the accommodative position however the next action can come just in the February evaluation.
In a note, domestic ranking firm Icra stated it anticipates the rate reducing cycle to continue.
“With the sign that genuine interest rates (the differential inbetween the secret financing rate and inflation) might requirement to be lower than 1.50 percent offered dominating international circumstance of unfavorable rates, more reducing by the Monetary Policy Committee (MPC) can’t be ruled out,” its senior vice president Karthik Srinivasan stated, including that he is unpredictable over the timing.2: 45 pm Metals buzzing
2: 30 pm Deal: Anil Ambani-led Reliance Infrastructure today signed an arrangement to sell its power transmission possessions to Adani Group for over Rs 2,000 crore.
Reliance Infra owns 2 electricalenergy transmission lines covering Maharashtra, Gujarat, Madhya Pradesh and Karnataka and has a 74 percent stake in another in Himachal Pradesh and Punjab.
“Reliance Infrastructure Ltd (RInfra) today revealed the finalizing of a binding term sheet with Adani Transmission Ltd (ATL) for 100 percent stake sale of its transmission properties,” the business stated in a state